Large Near-Term M&A Looks Unlikely for CAR Group -- Market Talk

Dow Jones

2025/07/17

2359 GMT - The departure of CAR Group's CEO is seen by its bull at Citi as an indication that large-scale M&A activity is unlikely in the near term. Analyst Siraj Ahmed thinks that the board is potentially comfortable with the vehicle-advertiser's set-up for fiscal 2026. He does wonder why the leadership is changing now, but points out that Cameron McIntyre's long spell in charge and recent acceptance of a board role at pallet provider Brambles means that the move isn't totally unexpected. Ahmed tells clients in a note that CAR's decision to promote McIntyre's successor from within chimes with its history. Citi has a buy rating and A$42.60 target price on the stock, which is at A$37.44 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 16, 2025 19:59 ET (23:59 GMT)

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Analyst Siraj Ahmed thinks that the board is potentially comfortable with the vehicle-advertiser's set-up for fiscal 2026. He does wonder why the leadership is changing now, but points out that Cameron McIntyre's long spell in charge and recent acceptance of a board role at pallet provider Brambles means that the move isn't totally unexpected. Ahmed tells clients in a note that CAR's decision to promote McIntyre's successor from within chimes with its history. Citi has a buy rating and A$42.60 target price on the stock, which is at A$37.44 ahead of the open. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CAR.AU":"CAR GROUP LTD","CAR":"安飞士","BK4022":"陆运","BK7002":"互动媒体与服务","BK4230":"旅客陆运","BK7503":"科技股"},"translate_title":"汽车集团近期不太可能进行大型并购——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAR":1,"CAR.AU":0.9},"content_text":"2359 GMT - The departure of CAR Group's CEO is seen by its bull at Citi as an indication that large-scale M&A activity is unlikely in the near term. Analyst Siraj Ahmed thinks that the board is potentially comfortable with the vehicle-advertiser's set-up for fiscal 2026. He does wonder why the leadership is changing now, but points out that Cameron McIntyre's long spell in charge and recent acceptance of a board role at pallet provider Brambles means that the move isn't totally unexpected. Ahmed tells clients in a note that CAR's decision to promote McIntyre's successor from within chimes with its history. 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